15th Jul 2026 10:17
(Sharecast News) - Payments company Stripe and private equity firm Advent International have reportedly made a joint offer to buy PayPal for $60.50 per share, in a deal that would value the firm at more than $53bn.
According to Reuters, the offer - submitted earlier this month - is backed by about $50bn in committed financing from banks. The offer represents a premium of around 28% to PayPal's closing share price on Tuesday.
Sources familiar with the matter said the proposal follows an initial approach in early April. Stripe and Advent have not received a response from PayPal and are seeking to advance discussions in the coming weeks, the sources added.
It was understood that under the proposal, Stripe and Advent would jointly own PayPal, with each holding an equal stake, rather than breaking up the company. There is no certainty the approach will result in a transaction, the sources said.
At 1113 BST, PayPal shares were up 16% in pre-market trade.